Legal & Compliance
Due to the ever-evolving nature of online gambling, it is undeniably one of those fields that require constant monitoring, and with that proper regulation. Being that online gambling is still considered a relatively new industry, it is frequently used as a platform for illicit activities and abuse. This is mostly because land-based and online gambling share the same issues. From money laundering to underage gambling, fraud, and black-market casinos, gambling is the “perfect” legal field to conduct a plethora of criminal activities, which is basically old news at this point. This is even more amplified when it comes to the iGaming industry, being that all of these crimes are easier to accomplish through online gambling.
Simply put, regulations exist to protect not just the players but also all of those operators who take necessary measures to work legally and transparently. Depending on the situation, gambling regulations can put the focus on online and land-based casinos simultaneously, or regulate these two verticals separately. The main difference can be traced to the simple fact that iGaming, though few, comes with significant differences when compared to its land-based counterpart. Generally, the legislation focuses on all gambling-related entertainment in a country, and this includes casino games, online slots, bingo, lottery, and sports betting.
It is important to note that different governing bodies and authorities will regulate different types of gambling entertainment. This is because each country/regulator sets its own gambling regulations. You will find that some may choose to legalize all forms of gambling, while others may do this a bit more selectively, thus prohibiting specific forms of gambling. This makes the entire situation concerning gambling regulations a bit complex and confusing, which is why it is absolutely imperative to inform yourself of the rules and laws regarding gambling in the place where you are residing, and the type of gambling legislation in the place where you live.
Being the vulnerable, yet ever-improving branch of the gambling sector as it is, iGaming has seen quite a few changes ever since it first emerged on the scene in the mid-90s. The first official iGaming regulator, and an authority that enjoys a reputation to this day, is the Malta Gaming Authority, which has existed since 2001. This paved the way for other major regulators to emerge, namely the UK Gambling Commission, which was created via the UK Gambling Act of 2005. The point we are trying to make is that in order to remain safe when gambling online, one must stay up-to-date with all of the changes in the realm of online gambling regulations.
This is why we have created the Legal and Compliance section. Here you will find a wide range of news, articles, and insights that cover the legal aspect of online gambling. To save you time and, more importantly, peace of mind, we carefully and diligently keep an open eye on all of the latest gambling regulations, innovations, and trends in the iGaming industry. Gamblers Connect is a fierce advocate for gambling regulations, being that they drastically improve not just the user experience of the player, but help drive the online gambling world into an era of prosperity and legal markets where everyone thrives in this expanding industry.
